UBCNews - Business

UBCNews - Business

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UBCNews - Business episodes

  • Reasons Why 80% of Business Sales Fail (and Why You Need an Exit Strategy)

    Picture this: you've spent decades building your business. You're finally ready to retire, cash out, and enjoy the fruits of your labour. You list your company for sale, feeling confident that buyers will recognise its value.

    But then months pass. Then years. No serious offers arrive. Eventually, you're forced to pull the listing and face an uncomfortable truth: your business isn't as sellable as you thought it was.
    If you're planning to sell your business, there's an eighty percent chance this scenario will happen to you. That's right - only twenty percent of businesses listed for sale actually find buyers. And if you're lucky enough to be in that twenty percent? You'll probably get less than half of what your business could potentially be worth with proper preparation.
    So what's going wrong? What are the hidden factors that could doom your business sale before it even begins?
    The first warning sign you need to watch for is owner dependency. If your business can't operate without you making daily decisions, answering customer calls, or managing key relationships, buyers will see it as purchasing a job rather than making an investment. They want systems that generate profit without requiring their constant attention.
    Then there’s financial chaos. It’s another major red flag that will scare buyers away from your business. Serious purchasers expect clean, organised financial records that clearly demonstrate profit trends, cash flow patterns, and growth potential. If your books are disorganised, if you've mixed personal and business expenses together, or if you can't easily demonstrate consistent profitability, buyers will walk away from your deal quickly.
    Revenue instability will also kill your sale. If you rely heavily on one major customer, have unpredictable income streams, or show declining sales patterns, you'll struggle to attract buyers willing to pay full value. The lack of recurring revenue makes your future cash flow too uncertain for most purchasers to feel comfortable.
    But here's something you might not realise: if you want a successful exit, you need three to five years of advance planning. This timeline allows you to address the fundamental issues that make your business unsellable. During this period, you should focus on building what's called transferable value. You need to create documented systems, develop management teams that can operate independently, and establish multiple revenue streams that don't depend on your personal relationships.
    Your preparation phase should also involve cleaning up your financial records, implementing proper accounting systems, and ensuring all your legal and regulatory compliance issues are resolved. These might seem like mundane tasks, but they often determine whether your sale succeeds or fails completely.
    This is where professional guidance makes all the difference for you. Strategic business consultants like "Paraic Bergin" specialise in helping you avoid these common pitfalls. With three decades of experience in business turnaround and strategic restructuring, expert consultants can identify potential sale-killers in your business years before they become actual problems.
    Professional exit planning involves comprehensive assessment of your business readiness, strategic preparation for maximum valuation, and guidance through the complex process of choosing the right exit strategy for your situation. Whether through strategic acquisitions, management buyouts, family succession, or other approaches, expert guidance significantly improves both your likelihood of a successful sale and your final purchase price.
    If you want to achieve a profitable exit, you need to start planning years before you intend to sell. You must recognise that preparation time is the most valuable investment you can make in your exit strategy. If you're considering an exit within the next five years, now is the time for you to assess your business's sellability and begin addressing any gaps you discover.
    Your alternative is joining the eighty percent of failed sales, and that's simply too costly for you to ignore. Click the link in the description to learn six profitable exit strategies that could help make or break your sale.
    Paraic Bergin Business Development
    City: Mullingar
    Address: Harbour St.
    Website: https://paraicbergin.com
    5 min
  • Utah County Managed IT Solutions for Small Business Cybersecurity & Compliance

    If you're running a small business and feel like your IT solution is causing more issues than it's solving, it's time to call InfoTech Enterprise Solutions!

    The Lehi-based managed IT service provider InfoTech Enterprise Solutions offers an all-inclusive solution to small to medium-sized businesses(SMBs) in Utah County areas like Eagle Mountain, Pleasant Grove, and American Fork.

    As a small business owner, you might find yourself in an inconvenient situation as you need to keep up with technology to stay competitive but aren't big enough to justify making room for an in-house IT expert. InfoTech Enterprise Solutions serves as an on-demand IT team, available 24/7 for urgent issues.

    "From expert consulting and managed IT services to network cabling and cloud solutions, you can rest assured that outsourcing your IT demands to InfoTech Enterprise Solutions will save you money and keep you well-protected. Our priority is to ensure that your organization continues to operate smoothly with the assistance of information technology," a company spokesperson said.

    While slow systems and old programs can be cause for frustration among many SMBs, cybersecurity is a pressing concern affecting more and more businesses. According to statistics presented by Forbes, there was a 72% increase in data breaches from 2021 to 2023, and an astounding 94% of organizations have reported email security incidents.

    This trend is expected to continue, with an estimated $10.5 trillion total cost of damages caused by cybercrime by 2025.

    InfoTech Enterprise Solutions's team makes a thorough on-site assessment of your business's IT needs before tailoring a plan. The company installs remote support software so that most issues can be handled promptly from their head office.

    Additionally, the system allows for 24/7 monitoring with alerts if any issues or threats would occur. The team manages all cybersecurity needs, including anti-virus, firewalls, and VPN.

    A client shared their testimonial: "InfoTech is amazing! If you don't have an IT person in your corner, call them now! They are quick to help no matter the time of day. They definitely help take the stress off trying to figure out the technology side of a business."

    InfoTech Enterprise Solutions also provides on-site and cloud backups, maintenance, and IT compliance at an affordable monthly fixed rate. The company is a single point of service provider and handles all purchases and potential needs for a third party, ensuring you can run your operations without disruptions.

    Click on the link in the description to learn more.

    InfoTech Enterprise Solutions
    City: Lehi
    Address: 2901 Bluegrass Blvd
    Website: https://www.infotech.net
    Phone: +1 801 210 1651
    3 min
  • How To Choose A Legit Gold IRA Kit & Avoid Costly Retirement Mistakes

    With market instability heightened by geopolitical tensions and inflation concerns, more Americans are turning to gold as a perceived safe haven. One increasingly popular route is through self-directed gold IRAs, which allow individuals to hold physical precious metals in a tax-advantaged retirement account.

    Many gold IRA companies offer what they call “gold IRA kits,” which are packages comprising informational literature meant to guide investors through the setup process. These often include brochures, investment guides, and contact details of consultants.

    On the surface, such kits may appear helpful, but financial experts warn that some of them may serve more as marketing tools than objective resources. MrGold IRA, an independent precious metals education site, said that while a self-directed gold IRA can be a useful addition to a diversified portfolio, investors still need to fully understand what they are signing up for.

    While gold IRA kits can simplify the learning curve for first-time investors, recipients might want to take some of the information they receive with a grain of salt.

    Many investors assume that anything labeled a “gold IRA kit” must come from a reputable source, but not all companies offer legitimate kits. Some firms use these kits to push high-commission sales or rely on fear-based messaging. In certain cases, the kits may serve as entry points to overpriced coins or metals that are not eligible for IRA inclusion.

    To spot a legitimate kit over one intended for aggressive sales, MrGold IRA recommends carefully evaluating the contents for signs of bias. Authentic kits should offer neutral educational content, include clear explanations about the roles of custodians and depositories, and outline the types of metals approved by the IRS. MrGold IRA also noted the importance of setting realistic expectations about risks, including market volatility and storage fees.

    On the topic of expectations, MrGold IRA pointed out that one of the most common misconceptions about gold is that it always appreciates. It clarified that gold is not immune to market fluctuations and should not be viewed as a get-rich-quick investment.

    While self-directed gold IRAs come with certain tax advantages and the potential for long-term portfolio stability, investors must remain vigilant. Those interested in opening a gold IRA but concerned about scams and misinformation are strongly advised to conduct due diligence before transferring funds to any company claiming to sell gold.

    For individuals who lack the time or patience to comb through online forums or are hesitant to trust social media influencers, independent sources may offer more reliable guidance. MrGold IRA, for instance, provides educational resources without promoting specific financial products or service providers.

    For more information on gold IRAs, click the link in the description.

    MrGold IRA
    City: Cushing
    Address: 2340 East Main
    Website: https://mrgoldira.com

    4 min
  • Full-Time Customer Service Jobs In Mohali For English Speakers: TTEC Now Hiring

    Once a quiet satellite town, Mohali is fast transforming into a hotspot for ambitious professionals looking to build dynamic careers. With sleek offices, global clients, and a fast-paced work culture, the city is attracting talent from across the country.

    Could you be one of them? TTEC thinks so, which is why they are happy to be offering tips and tricks for you to get ahead in your new career.

    If you are a customer-focused team player with a can-do attitude and at least one year’s experience in customer service, now could be a great time for you to make a move to a new job in Mohali.

    As a representative for TTEC summarised, most customer service jobs in the region are looking for a person who can confidently answer incoming calls from customers in English and successfully resolve any issues to the satisfaction of the customer.

    As they explained, “If you have a passion for helping others and giving them peace of mind, in these types of roles, you’ll work to resolve customer issues via phone and chat services including chat, text, email, social media, direct messaging as well as other nonverbal platforms."

    They added, "Whether it’s getting answers for customers quickly, consulting on products with compassion or resolving their issues with a smile, you’ll be the difference between their customer experience being just average or an exceptional one.”

    When making the decision about where to go for your next role, you should look for things like a competitive salary with bonus incentives and paid time off (PTO). Plus, you should check if you will receive any extra benefits like tuition reimbursements or covered transportation.

    You should also look for a genuinely supportive and inclusive community culture where in-house training is taken seriously and personal and professional growth is encouraged. For instance, at TTEC, every team member is highly valued, including new employees and those taking on more entry level roles.

    As one current employee said, “I truly believe TTEC’s culture allows their employees to flourish not just with their careers but also with their personal lives.”

    With Mohali continuing to experience some of the best foreign investment in India, especially from BPOs in telecommunications, IT and customer service, TTEC recommends that if you’re an early career professional and you’re interested in taking your career to the next level, you consider working for an international company like theirs.

    Discover what TTEC has to say about Mohali’s bright future, and yours, by visiting the link in the description.

    TTEC
    City: Greenwood Village
    Address: 6312 S. Fiddler's Green Circle
    Website: https://www.ttecjobs.com/en

    3 min
  • How to Help Teens Deal with Anger? Therapy Options & Approaches Explained

    Do you hear your teenager screaming every time you make dinner? Okay, maybe not EVERY time, but it kinda feels like that sometimes. Yesterday it was about homework, the day before was about chores, and last week they even kicked off just because they got sniped while streaming Fortnite!

    There's slamming doors, something's definitely getting broken, and let's not forget the hours of tension that leave everyone in the house feeling drained (and secretly wondering if your neighbors think you're terrible parents).

    When this sort of thing becomes the go-to response for every frustration, it's time to look at professional anger management help.

    As a parent, it can be hard to know when your teenager's anger has crossed into dangerous territory. Without the right support, you could end up getting stuck in a cycle that hurts everyone and damages relationships that take years to repair...

    Physical violence, like hitting family members, punching walls, or fighting at school, creates an unsafe home for everyone.

    And breaking things often gets worse over time, leading to expensive repairs and constant stress.

    If your kids refuse to follow any rules, respect boundaries, or accept consequences? Well, that makes daily life feel like a war zone.

    The most effective teen anger programs now combine different approaches instead of trying just one thing. They use cognitive behavioral therapy to help teens spot and change the thoughts that trigger anger, dialectical behavior therapy to teach real emotional control skills, and body-based work to address how anger affects them physically. This gives teens multiple tools to work with, since different approaches work better for different kids.

    And residential treatment gives them the space they need to learn new skills without all the triggers from home. These programs have trained staff available 24/7 during the hardest part of treatment, so teens can practice what they're learning in a safe environment.

    Here's the thing – real change happens when the whole family learns new ways to interact. Some companies like Mission Prep combine proven therapies with family involvement, using licensed professionals who specialize in teenage anger issues. And most major insurance plans cover these programs!

    Contact teen anger specialists to learn about residential programs that can help your teenager build lasting emotional control while your family heals together.

    Click the link in the description to learn more!

    Mission Prep
    City: San Juan Capistrano
    Address: 30310 Rancho Viejo Rd.
    Website: https://missionprephealthcare.com/

    3 min
  • How To Book A Psychiatric Evaluation Online? Process & Benefits Explained

    If you feel like you’re spiraling more and more every day, don’t wait to take action. Mental health conditions can be serious, especially if they start affecting your work life, relationships, and physical health. Luckily, a licensed mental health provider will be able to diagnose you and refer you to the treatments that you need.

    Not fond of the idea of getting an assessment because you’ll have to travel long distances or bear with long waiting times? Here’s the good news: experts say that online psychiatric evaluations are just as effective as in-person ones, and telehealth options can potentially expedite the process for you.

    Psychiatric evaluations refer to a number of screening tools that are used by professionals to assess an individual’s mental health, personality, behavior, and cognitive abilities. These evaluations are instrumental in determining the type and intensity of care that an individual may need to manage any mental health or behavioral challenges they are facing.

    Mental health experts say that psychiatric evaluations are also ideal for diagnosing clinical disorders, including depression, anxiety, ADHD, PTSD, and bipolar disorder.

    Although staffing shortages and longer wait times limit access to timely interventions, you can still book psychiatric evaluations online.

    The benefits to this are twofold: online evaluations eliminate potential commute times and costs associated with travel; research has also shown that they are as accurate as in-person evaluations, providing the same level of care to patients while significantly improving accessibility.

    If you want to get an online psychiatric assessment, the first thing you should do is look for a mental health provider that’s licensed to practice in your state. If you live in California, Virginia, or Washington, Mission Connection Healthcare is a great option, as it provides comprehensive outpatient treatment programs alongside its diagnostic services.

    But what does the assessment process actually look like? Well, once you contact a mental health provider, they’ll have you in for a preliminary appointment, usually over the phone or video. During this appointment, your provider will ask you about your daily life and family history; observe moods, energy, and thought patterns; have you complete questionnaires on symptoms and attention problems; and evaluate the probability of self-harm and other risks. Once the psychiatrist has determined what kind of treatment is required, you’ll be referred to the appropriate treatment program.

    Now, here’s the million-dollar question: how much will you have to pay for an assessment? Puns aside, costs will vary based on location, but most insurance plans will cover psychiatric evaluations offered via telehealth.

    Mental health providers may also offer sliding scale fees or payment plans. That’s why you should never feel shy about asking what your options are, especially if you aren’t covered.

    If you want to learn more about the process, treatment centers like Mission Connection have in-depth resources you can check out.

    Mission Connection
    City: San Juan Capistrano
    Address: 30310 Rancho Viejo Rd.
    Website: https://missionconnectionhealthcare.com/

    4 min

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